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Oil continues to fall in price - December 24, 2008

December 24 2008

Oil prices on world markets fell on Tuesday on a background of disappointing economic news from the U.S., which intensified fears of serious analysts in the past 25 years, the fall in energy demand due to global economic crisis, RIA News .

February futures price for North Sea petroleum mix of mark Brent Crude Oil at London exchange ISE (InterContinental Exchange Futures) following trades fell by 1.09 dollar - up to 40.36 dollars per barrel.

On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the February futures for U.S. light crude oil Light Sweet Crude Oil fell by 0.98 dollar - up to 38.98 dollars per barrel.

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